4620 Narragansett Avenue

4620 Narragansett Avenue

D

San Diego, CA 92107

$4,199,000

Soft Appraisal Value: $3,998,200 · 5.0% above estimate

Beds

6

Baths

4

Sqft

3,437

Year Built

2003

Days on Market

167

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2507962

Description

Experience coastal luxury perched overlooking the Pacific Ocean from your two beautifully designed homes. The front home features approximately 2,358 sq. ft., boasting four bedrooms and three bathrooms with a flexible floor plan ideal for multi-generational living or work-from-home flexibility. Upstairs, the expansive primary suite offers serenity and refined comfort, complete with a soaking tub, steam shower, dual sinks, abundant bespoke storage abounds, two primary closets, a dedicated shoe closet, and more storage cabinetry. A bonus office/bedroom sits nearby, creating the perfect retreat for relaxation or productivity or use it as a bedroom. All with ocean views! The main level highlights two bedrooms and two baths, a cozy formal living room, a spacious great room, and a recently remodeled chef’s kitchen equipped with a GE Profile column refrigerator and freezer, Viking range and hood, marble countertops, double-drawer Fisher & Paykel dishwasher, and 25-lb. ice maker. There's even a trash compactor. Meticulous craftsmanship is evident throughout — from the true inset cabinetry and hidden drawers to the thoughtful appliance garages and designer finishes. Luxury continues outdoors with a saltwater pool and spa surrounded by new turf and 2024 drainage upgrades. A dry bar with dual beverage refrigerators in the great room and a full laundry room open directly to this resort-style space. Three gas fireplaces—including one at the foot of the primary bed—add warmth and ambiance throughout the home. The front home is powered by 40 solar panels (PPA approx. $0.20/kWh, transferrable) is served by private parking in a two-car garage, plus an additional one-car garage. Completely separate and private from the front house is a rental over the garage. At the rear of the property, on the alley, is a separate two-bedroom, one-bath second home (approx. 899 sq. ft.) above a three-car garage, currently leased for $4,395/month. This second home features a newly remodeled bathroom (2025) and refreshed kitchen (2024) with new counters, sink and more. Updated garages include brand-new epoxy floors, slat walls, stainless sinks, and custom storage, with an EV charger serving the main residence. Additional highlights include a movie/playroom beneath the main home, ideal for guests or family entertainment, and an ocean-view deck above the front garage showcasing stunning sunsets. Recent upgrades include a 2025 water heater with recirculating system, as well as a whole-home water softener and filtration system. This is a smart home with wifi controls of lighting, the pool, heating, video, door locks, appliances and more! Some sprinklers out front on a drip system, but low water usage with turf and low water usage plants. This exceptional dual-home property combines craftsmanship, design, and effortless coastal living — a rare opportunity in Ocean Beach.

Mortgage Calculator

Est. Monthly Payment

$26,656

Principal & Interest$21,232
Property Tax$4,199
Insurance$1,225
%($839,800)
%

Investment Score

0D
Est. Monthly Rent
$7,999
Monthly Cashflow

Rent − PITIA

$-18,657
Full Cashflow

Incl. vacancy, PM, maint, capex

$-23,996

Mortgage (P+I)
$21,232
Cap Rate
-0.79%
Cash-on-Cash
-34.29%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.30
Break-even Rent
$39,163

NOI (Annual)
$-33,167
Price-to-Rent

Lower = better for investors

43.7

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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